How the Election Will Shape Regulatory Policies for Advisors
The president appoints the people who will make the most important decisions on regulatory policy that affect your profession. First up on our list of potential changes: Treasury.
11 Key Congressional Committees for Advisors to Worry About
As the election approaches, not just the White House and Congress are in play, but also control of congressional committees important to advisors and others in the financial services sector.
Lawmaker Calls SEC’s Delay on JOBS Act Promotion Rule ‘Completely Unacceptable’
The House hearing on Thursday addressed crowdfunding and concerns on how to verify "accredited investors" for the purpose of advertising private offerings.
Dodd-Frank Should Not Be Repealed: House Hearing Consensus
While they had many complaints about the Dodd-Frank Act, all of the financial services representatives testifying at a House Financial Services hearing stopped short of saying the law needs to be repealed.
The Next Congress
This year’s congressional elections hold considerable potential to reshuffle power on Capitol Hill.
Swaps Bill Offers Dodd-Frank Dodge, Consumer Group Says
Americans for Financial Reform is coming out against the Swaps Jurisdiction Certainty Act, which was being marked up Tuesday by the House Financial Services Committee.
SIPC Fights SEC’s Stanford Suit
One day after Allen Stanford was convicted on March 6 of operating a $7 billion Ponzi scheme, the CEO of the Securities Investor Protection Corp. (SIPC) told lawmakers that SIPC is not responsible for reimbursing Stanford investors for their losses.
Bill Forcing SEC to Parse Costs of Rulemaking Advances in House
The SEC, in a bill introduced by Rep. Scott Garrett, R-N.J., and in accordance with Obama’s executive order, would have to conduct robust cost-benefit analysis on each new rule.
SRO Bill’s Redraft Hangs in Balance With Bachus to Leave House Panel’s Helm
House Financial Services Chairman Spencer Bachus’ recent announcement that he will leave his post likely when a new Congress convenes could prompt him to move quickly in pushing through his committee a redraft of his SRO bill.
Timing of SEC Fiduciary Rule in Flux
SEC Chairman Schapiro says agency's economists plan to ask public for more data on retail financial advice. How long will this take?